November 04, 2015      

Sometimes relationships don't work out. Qualcomm Inc. and Techstars are ending the Qualcomm Robotics Accelerator after only one year. The program was expected to choose 10 startups to support for each of three years.

Qualcomm CTO Matt Grob said the mobile technology company could no longer justify the accelerator's cost. It provided a $100,000 loan, plus $20,000 from Techstars in exchange for 6 percent ownership, and mentoring to each recipient over four months. Qualcomm also provided a collabo...

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